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the countries that recognize the value of crypto in my opinion for now are china, japan, germany, switzerland, holland, singapore the usa are controversial, on the one hand they accept them but on the other hand they put brakes with the sec
I am sure that it will be China that will be the leader in crypto and blockchain, this country is developing very quickly in this direction and will take a leading position very soon. Countries that join cryptocurrencies faster will have a huge advantage in the future.
In October 2015, the Court of Justice of the European Union ruled that "The exchange of traditional currencies for units of the 'bitcoin' virtual currency is exempt from VAT" and that "Member States must exempt, inter alia, transactions relating to 'currency , bank notes and coins used as legal tender '", making bitcoin a currency as opposed to being a commodity. [4] [5] According to judges, the tax should not be charged because bitcoins should be treated as a means of payment. [6]